Trinity Industries is still an attractive value investment according to Hodges Capital Management’s Eric Marshall, who specialises in finding varied sources of mispriced value and revisited his Trinity Industries idea in this month’s issue of Value Investor Insight.
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Trinity Industries: It can't get any worse
Marshall last visited Trinity Industries back on August 31, 2015, when the stock was trading around $27. At the time, he believed that the market was overreacting to both the impact of lower oil prices on the company’s business and to an adverse jury verdict. Marshall went on to predict earnings per share of $4 or more for 2016 with additional benefit from the court case being thrown...
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